You are right.. Steem a year ago at its launch was heavily overvalued. Correct. Thats why it was $3.69
Today, we've earned that value, based on the software development, the user retention, user engagement, and the number of constant new users we're getting.
So what does that mean now? We're outperforming, and undervalued, and we're at $1.00
Steem is an incredible buy right now, and we'll see that with the coming year.